The rate of increase in private residential property prices continued to moderate for the 9th consecutive quarter, according to flash estimates by the Urban Redevelopment Authority.
The private residential property index rose from 205.7 points in the third quarter of 2011 to 206.2 points in the fourth quarter of 2011. This represents an increase of 0.2 per cent, compared to the 1.3 per cent increase in the previous quarter.
Prices of non-landed private residential properties increased by 0.5 per cent in Core Central Region and by 0.6 per cent in Outside Central Region in the quarter. There was no change in the prices in property prices in the Rest of Central Region.
In comparison, in the third quarter of 2011, prices of non-landed private residential properties increased by 0.7 per cent in the Core Central Region, 1.2 per cent in Rest of Central Region and 2.1 per cent in Outside Central Region.
Filed under: Singapore Property News
